If you had $1M to invest

[Joel Sanders]

And your goal was $30K+ per month of relatively passive income over time, how would you deploy that capital - multi family, commercial, single families, etc?

[Ian Ippolito]

Originally posted by @Joel Sanders:

And your goal was $30K+ per month of relatively passive income over time, how would you deploy that capital - multi family, commercial, single families, etc?

Joel, I don't have an employer and rely on my passive investments to produce the income that my family and I live off of. I don't know if you're an aggressive investor or a conservative one.

If you are an conservative investor, like I am, then I would recommend you not pick a desired rate of return, and then try to find investments to backfill that. It's true that you can do that for basically any desired rate of return. The problem is that in today's low yield environment, most of the time it will require stretching the amount of risk you take, to achieve it. That's fine if you're aggressive. But if you're conservative, it will most likely require you to stretch the risk in your portfolio beyond what you would have if you took a different approach.

So if you are conservative, I would recommend doing the opposite and ignoring the return at the beginning. Instead, understand the risk/reward of the different options (debt versus equity, core versus core plus versus value-added versus opportunistic, residential versus commercial, retail versus office versus industrial versus multi family etc.). Only when you find multiple things that meets your risk tolerance, do you look at the return and compare.

Good luck.